FHT has established ESG targets which correspond to ESG focus areas identified as material and in alignment with our Sponsor. These targets have considered short-, medium- and long-term horizons consistent with those used for strategic planning and financial planning where applicable, and can be found on pages 11, 16 and 20 of this Report. We will continue to review our goals and targets to ensure they remain relevant to our operating and strategic context. ESG GOVERNANCE GRI 2-9, 2-12, 2-13, 2-14 FHT has put in place an ESG governance structure that enables us to align our ESG goals with our overall business strategy and integrate sustainability considerations into our long-term plans and operations. At FHT, the Board is responsible for leading our ESG strategy with a focus on value creation, value protection and sustainability. The Board has set up committees to improve business efficiency across various topics. The FH-FHT Sustainability Steering Committee (“SSC”), led by senior management, is focused on regular environmental risk oversight. There is also a dedicated Sustainability Task Force, comprising department heads from Asset Management, Finance, Investment and Investor Relations, to drive the sustainability strategy. The Task Force is responsible for developing FHT’s sustainability framework and targets, along with formulating specific strategies, staff engagement plans and resource allocation to execute these actions. The Task Force reports to the SSC every two to three months for approval and consults with and updates the Board on a quarterly basis. The Task Force also meets with the Group Sustainability team once every quarter to align on the Group’s approach. The monitoring of property-level sustainability performance and indicators is entrusted to the Asset Management team and the General Managers of its hotels and serviced residences. FHT works closely with our Sponsor to provide strategic oversight of ESG policies to ensure that our sustainability efforts are aligned with the overarching Group ESG goals. This alignment extends to our shared sustainability agenda, guided by the Group Sustainability and Risk Committee (“SRC”). The SRC is supported by the Frasers Property Group Sustainability team, which also provides support to FHT on the execution of our ESG strategies to ensure alignment between Group and business unit ESG activities. MEMBERSHIP ASSOCIATIONS GRI 2-28 Achieving net-zero carbon emissions by 2050 requires a united effort across the industry. FHT is dedicated to sharing our knowledge and experience with industry bodies to advance shared sustainability goals. We play an active role as a member of the REIT Association of Singapore (“REITAS”). REITAS serves as the representative advocate for the Singapore REIT (“S-REIT”) sector. This involvement allows us to engage in policy consultations and contribute to discussions that shape the industry. FHT, via our Sponsor, is a member of the REITAS’ Sustainability Taskforce, who advocates for the integration of sustainability into business strategies, responsible ownership and collaboration within the S-REIT industry to promote a resilient and responsible real estate sector. Furthermore, we engage in industry events organised by REITAS and participate in relevant surveys conducted by regulators to gather valuable feedback from S-REITs. Through our Sponsor, we also align with industry, country-specific and international platforms to advance on standards and good industry practices including: • GRESB Real Estate Assessment • Science Based Targets initiative • United Nations Global Compact • United Nations Women’s Empowerment Principles • Tripartite Alliance for Fair and Progressive Employment Practices (“TAFEP”) • Net Zero Carbon Buildings Commitment of the World Green Building Council ESG Report 2024 7
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